Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Shares Cross Below 200-Day Moving Average – What’s Next?

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $58.40 and traded as low as $57.25. Invesco CurrencyShares Japanese Yen Trust shares last traded at $57.31, with a volume of 132,979 shares.

Invesco CurrencyShares Japanese Yen Trust Stock Down 0.1%

The company has a market cap of $429.83 million, a price-to-earnings ratio of -117.92 and a beta of 0.20. The company has a fifty day simple moving average of $57.75 and a two-hundred day simple moving average of $58.40.

Hedge Funds Weigh In On Invesco CurrencyShares Japanese Yen Trust

Several large investors have recently added to or reduced their stakes in FXY. Fifth Third Bancorp purchased a new position in Invesco CurrencyShares Japanese Yen Trust during the first quarter worth about $32,000. International Assets Investment Management LLC purchased a new position in shares of Invesco CurrencyShares Japanese Yen Trust in the 4th quarter worth about $45,000. Newbridge Financial Services Group Inc. raised its holdings in shares of Invesco CurrencyShares Japanese Yen Trust by 50.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 900 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 300 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of Invesco CurrencyShares Japanese Yen Trust in the 3rd quarter worth about $81,000. Finally, Clearstead Advisors LLC purchased a new position in shares of Invesco CurrencyShares Japanese Yen Trust in the 3rd quarter worth about $82,000.

Invesco CurrencyShares Japanese Yen Trust Company Profile

Guggenheim CurrencyShares Japanese Yen Trust, formerly CurrencyShares Japanese Yen Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Japanese Yen and distributes Japanese Yen in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Japanese Yen plus accrued interest, if any, less the expenses of the Trust’s operations. The Trust holds Japanese Yen and, from time to time, issues Baskets in exchange for deposits of Japanese Yen and distributes Japanese Yen in connection with redemptions of Baskets.